Construct a simple income statement and a balance sheet

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Question - From the following information, construct a simple income statement and a balance sheet:

Sales $1,300,000

Finished goods 310,000

Long-term debt 300,000

Raw materials 140,000

Cash 60,000

Cost of goods sold 600,000

Accounts receivable 340,000

Plant and equipment 380,000

Interest expense 110,000

Number of shares outstanding 100,000

Earnings before taxes 470,000

Taxes 90,000

Accounts payable 240,000

Other current liabilities 80,000

Other expenses 120,000

Equity 610,000

Round your answer for earnings per share to the nearest cent.

Reference no: EM133111435

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